Obama: “Since I’ve Been President, Federal Spending Has Risen at Lowest Pace in Nearly 60 Years’

CNSNews ^

[Sub-Driver]

Obama: “Since I’ve Been President, Federal Spending Has Risen at Lowest Pace in Nearly 60 Years’ By Terence P. Jeffrey May 24, 2012

(CNSNews.com) - President Barack Obama on Wednesday staked his claim to being the most effective fiscal conservative to serve in the White House in more than half a century.

“Since I’ve been President, federal spending has risen at the lowest pace in nearly 60 years,” Obama said at a campaign event in Denver, Colorado.

“Yes, we're going to streamline government,” Obama said. “There's more waste to be cut.”

Inaugurated in Jan. 20, 2009, Obama has now presided over the start of three fiscal years—2010, 2011, and 2012. According to the historical tables published by his own Office of Management and Budget, these are three of the only four fiscal years since the Japanese surrendered on Sept. 2, 1945, that the federal government has spent more than 24 percent of GDP.

The fourth fiscal year since the Japanese surrender in which the federal government spent more than 24 percent of GDP was 2009. That fiscal year started when George W. Bush was president and ended when Obama was president.

On the first day of fiscal 2009--which was Oct. 1, 2008--then-Sen. Obama voted for the $700-billion Troubled Asset Relief Program. In February 2009, after he became president and while his party controlled both houses of Congress, Obama signed a stimulus bill that the Congressional Budget Office has determined had a 10-year price tag of $831-billion.

In fiscal 2008, the federal government had spent 20.8 percent of GDP. But in fiscal 2009, buoyed in part by the TARP Obama voted for and the stimulus he signed, the federal government spent 25.2 percent of GDP--an increase of 21.2 percent from the year before.

[Republican Wildcat]

Bush signed things into law that he is to blame for being a part of...however, it’s extraordinary that the Senators and Representatives who voted to send it to his desk are now pointing fingers just at him. Obama is culpable for the legislation he voted “Aye” on as Senator - he shares the responsibility, and the things he inherited he inherited from his own party - and himself. The Senate Majority at that time was 51-49, with Obama and Biden being part of that working majority.

[Karliner]

Sooo, this means we still have our triple A rating right because we have to pay the gov immediately but the gov can default on interest of a LOAN??

What part of TAXED ENOUGH ALREADY doesn't make sense? What happened when socialists( "democratic progressives"), communists( supporting Obama), and just plain weird hippie screw nuts become the norm and we're the radicals? Isaiah 9:10 prophecies , nasty prophecies are coming to fruition.